Brief: Pixium Vision Restructures Its Bond Financing Facility With Kreos Capital

Pixium Vision SA

01/08/2018 17:09

Aug 1 (Reuters) - PIXIUM VISION SA  PIX.PA :
    * REG-PIXIUM VISION :  PIXIUM VISION RESTRUCTURES ITS BOND
FINANCING FACILITY WITH KREOS CAPITAL
    * AS OF JUNE 30, 2018, OUTSTANDING AMOUNT OF BOND FINANCING
FACILITY STOOD AT 6,6 MILLION EUROS
    * AMENDMENT INCLUDES: REIMBURSEMENT OF 1.6 MILLION EUROS OF
FINANCING FACILITY
    * CONVERTIBLE BONDS WILL NOT BE ADMITTED TO TRADING ONTO
REGULATED
MARKET OF EURONEXT PARIS
    * AMENDMENT INCLUDES ISSUANCE OF 1.6 MILLION CONVERTIBLE
BONDS
WITH 1-EURO PAR VALUE
    * AMENDMENT INCLUDES: ISSUANCE OF 1 WARRANT GIVING RIGHT TO
165,430 NEW SHARES
    * CONVERTIBLE BONDS WITH 1-EURO PAR VALUE ARE REFUNDABLE ON
SEPTEMBER 1, 2020
    * ANNUAL COUPON IS 11.5% EQUAL TO INTEREST RATE OF BOND
FACILITY.
    * CONVERSION RATIO CORRESPONDS TO 0.4491 NEW ORDINARY SHARE
PER
CONVERTIBLE BOND AS OF EFFECTIVE DATE
    * LOCK-UP PERIOD IS FOR 6 MONTHS FROM EFFECTIVE DATE (WITH
SOME
EXCEPTIONS)

Source text for Eikon:  ID:nGNE2dhnb 
Further company coverage:  PIX.PA 

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